Grainger’s (GRI) “Buy” Rating Reiterated at Berenberg Bank

Grainger (LON:GRI)‘s stock had its “buy” rating reaffirmed by equities researchers at Berenberg Bank in a research note issued on Thursday,Digital Look reports. They currently have a GBX 285 price target on the stock. Berenberg Bank’s price objective points to a potential upside of 88.87% from the stock’s previous close.

Separately, Citigroup reduced their target price on shares of Grainger from GBX 298 to GBX 253 and set a “buy” rating for the company in a report on Thursday, April 2nd. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of GBX 252.

Grainger Price Performance

LON:GRI opened at GBX 150.90 on Thursday. The company has a quick ratio of 0.87, a current ratio of 2.71 and a debt-to-equity ratio of 78.26. The business’s 50-day moving average price is GBX 168.36 and its 200 day moving average price is GBX 181.40. Grainger has a 52-week low of GBX 118.30 and a 52-week high of GBX 230. The firm has a market cap of £1.12 billion, a P/E ratio of 5.53, a PEG ratio of 1.51 and a beta of 0.78.

Grainger (LON:GRI) last posted its quarterly earnings data on Thursday, May 14th. The company reported GBX 4.20 earnings per share for the quarter. The company had revenue of £113.70 million during the quarter. Grainger had a net margin of 77.24% and a return on equity of 10.25%. As a group, sell-side analysts predict that Grainger will post 10.4590732 earnings per share for the current fiscal year.

About Grainger

Founded in Newcastle upon Tyne in 1912, Grainger plc, a FTSE 250 business, is the UK’s largest listed residential landlord, a Real Estate Investment Trust (REIT) and a leader in the fast-growing build-to-rent sector, providing c.11,000 rental homes to over 25,000 customers. With a pipeline of secured build-to-rent development projects totalling c.4,300 homes and £1.3bn, Grainger is creating thousands more rental homes by investing in cities across the UK.

Grainger works in partnership with a large number of public sector organisations to deliver new homes to local communities, including Transport for London, Network Rail, the Ministry of Defence, Lewisham Borough Council and the Local Pensions Partnership.

The Grainger team is dedicated to the common purpose of Renting Homes, Enriching Lives, backed by a set of core values.